• Loading stock data...
Technology World

Kentucky mandates Tesla’s charging plug for state-backed charging stations

Kentucky is requiring that electric vehicle charging companies include Tesla’s plug if they want to be part of a state program to electrify highways using federal dollars, according to documents reviewed by Reuters. Kentucky’s plan went into effect on Friday, making it the first state to mandate Tesla’s charging technology, although Texas and Washington states previously shared such plans […]

Technology World

German alternative Mastodon gets boost from newly restricted Twitter

Turmoil at Twitter following new limits to the amount of posts users can see appears to be driving a surge in activity at Mastodon, a German rival that prides itself on its decentralised, user-driven structure. “Looks like Mastodon’s active user base has increased by 110K (110,000) over the last day. Not bad,” Eugen Rochko, creator […]

Energy Finance

Tesla’s blistering rally continues after quarterly deliveries beat

Tesla shares jumped 6% on Monday after better-than-expected quarterly deliveries showed that Chief Executive Elon Musk’s plan of boosting volumes through discounts was working. The leading U.S. manufacturer of electric vehicles was set to increase its market capitalization by around $50 billion to $900 billion, based on early trading in its shares. At $277, the stock […]

Energy Environment

Rivian beats estimates for second-quarter EV deliveries

– Rivian Automotive on Monday beat Wall Street expectations for quarterly deliveries on stable demand for its electric vehicles, sending its shares up nearly 9% in premarket trading. The company, which has been struggling with supply chain hurdles, reiterated its annual production target of 50,000 units. The Irvine, California-based startup, which makes R1T pickup trucks and […]

Technology World

Chip industry globalisation under threat, says chief of China’s YMTC

 Geopolitics and the national security concerns of some countries are threatening the globalisation of the world’s chip industry and its future growth, the chairman and acting CEO of memory chipmaker Yangtze Memory Technologies (YMTC) said on Thursday. Chen Nanxiang said in a speech at the opening ceremony of the Semicon China conference in Shanghai that […]

Business Finance

Morgan Stanley board considers next CEO while Gorman clears the decks

 Morgan Stanley’s board will focus on the selection of CEO James Gorman’s successor at its summer and fall meetings, a person familiar with the situation said, while the outgoing boss looks to clear the decks by resolving major regulatory matters. Gorman, who has run the Wall Street giant since 2010, announced last month that he would step […]

Technology World

Apollo Global leads debt investment in chipmaker Wolfspeed, media report

A group of investors led by Apollo Global Management is making a debt investment between $1 billion to $2 billion in chipmaker Wolfspeed to support its expansion in the U.S., media outlets reported on Sunday. The financing would make $1.25 billion of cash available immediately to Wolfspeed, while another $750 million could be drawn later, Bloomberg News […]